(Boursier.com) — Carmila rose 1.1% to 15.85 euros on Friday despite the market correction today. In the 1st quarter of 2022, the group’s net rental income increased by 16.6% compared to the 1st quarter of 2021. They amounted to 81.9 million euros. Rental income increased by +7.2% to 90.8 ME (84.7 ME in 2021). The recovery rate reached 94% in the 1st quarter of 2022, an improvement of +23 points compared to the 1st quarter of 2021. This strong improvement is explained by the absence of restrictive health measures in the 1st quarter.
The absence of major sanitary measures in the 1st quarter of 2022 allowed retailers to regain 94% of their level of turnover from the 1st quarter of 2019, despite the impact of the Omicron variant in January and February and the geopolitical situation.
Carmila indicates that, since the end of December 2021, it has strengthened its interest rate risk hedging for the refinancing of future bond maturities via swaps and swaptions for a nominal amount of €350 million, resulting in an overall position of hedging instruments interest rate of 585 ME with an average maturity of more than 6 years. Among brokers’ opinions, Oddo BHF adjusted the target from 16.5 to 17.5 euros with an opinion to ‘outperform’.
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